The Board of Directors of the International Monetary Fund approved a new extended agreement for Ukraine for 48 months worth about $15.6 billion, the fund said in a statement on Friday, as cited by CNN.

The loan is part of the $115 billion support package for Ukraine and allows for the immediate release of about $2.7 billion.

“The overall goals of the government’s program are to maintain economic and financial stability in a period of extremely high uncertainty, to restore debt sustainability in the future, both under the baseline and under adverse scenarios, and to promote reforms that support Ukraine’s recovery on the path to EU membership in the post-war period,” the statement reads.

“The program, together with financing guarantees from the G7, the EU and other donors, is designed to solve the problem of Ukraine’s balance of payments and restore external viability in the medium term,” the Fund says.

President of Ukraine Volodymyr Zelenskyy thanked the IMF, in particular Managing Director Kristalina Georgieva, for approving the loan to Kyiv.

“Together we support the economy [ucraineană]. And we are going to victory,” he wrote on Twitter.